Nationstar Draws Scrutiny for Stock Sale Before Big Earnings Miss

NEW YORK (The Deal) -- Market watchers are questioning a $500 million stock offering by Nationstar Mortgage   that came just before the end of first-quarter earnings that missed analyst expectations by a wide margin, causing a more than 25% drop in shares of the mortgage servicer on May 5. Companies are not supposed to sell shares when they are aware of material information that hasn't been disclosed to investors. The resignation of two senior Nationstar executives in recent days makes the ...